Seagate Technology (NASDAQ:STX) Rating Increased to Neutral at Susquehanna

Susquehanna upgraded shares of Seagate Technology (NASDAQ:STX) from a negative rating to a neutral rating in a research note released on Friday morning, MarketBeat.com reports. Susquehanna currently has $280.00 price objective on the data storage provider’s stock, up from their prior price objective of $150.00.

STX has been the topic of several other research reports. Rosenblatt Securities increased their price target on Seagate Technology from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Citigroup upped their target price on Seagate Technology from $275.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Barclays lifted their price target on shares of Seagate Technology from $240.00 to $370.00 and gave the company an “equal weight” rating in a research report on Thursday. Cantor Fitzgerald raised their price objective on shares of Seagate Technology from $280.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Bank of America lifted their price objective on shares of Seagate Technology from $275.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $320.39.

Seagate Technology Trading Up 1.8%

Shares of NASDAQ STX opened at $326.23 on Friday. The firm has a market capitalization of $69.67 billion, a P/E ratio of 41.88, a P/E/G ratio of 1.25 and a beta of 1.60. The firm’s 50-day moving average price is $283.10 and its 200-day moving average price is $222.83. Seagate Technology has a 1-year low of $63.19 and a 1-year high of $335.02.

Seagate Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.9%. Seagate Technology’s payout ratio is 38.00%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 54,021 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total value of $15,404,628.36. Following the completion of the sale, the chief financial officer directly owned 56,293 shares of the company’s stock, valued at approximately $16,052,511.88. This represents a 48.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephanie Tilenius sold 2,046 shares of Seagate Technology stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the transaction, the director directly owned 12,244 shares in the company, valued at approximately $3,261,924.04. This represents a 14.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 132,557 shares of company stock valued at $36,847,793 in the last quarter. 0.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Seagate Technology

Hedge funds have recently made changes to their positions in the business. WCM Investment Management LLC bought a new position in Seagate Technology during the third quarter valued at about $1,187,621,000. Arrowstreet Capital Limited Partnership grew its position in shares of Seagate Technology by 1,072.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock valued at $696,262,000 after acquiring an additional 2,697,957 shares during the period. Norges Bank purchased a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $197,027,000. Boston Partners purchased a new position in Seagate Technology in the second quarter valued at approximately $193,500,000. Finally, Soroban Capital Partners LP increased its holdings in Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after acquiring an additional 1,327,197 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Key Stories Impacting Seagate Technology

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: China Renaissance raised its price target to $452 and maintained a “buy” rating — a large upside (~41% from recent levels) that supports further upside expectations for STX. China Renaissance raises PT to $452
• Positive Sentiment: Barclays bumped its target to $370 and kept an “equal weight” rating — another notable upgrade that adds institutional validation to the stock’s rally. Barclays raises PT to $370
• Positive Sentiment: Wells Fargo raised its target to $360 (still “equal weight”), signaling broader analyst re‑rating of Seagate amid stronger end‑market demand expectations. Wells Fargo raises PT to $360
• Positive Sentiment: Media coverage and analyst commentary point to an AI‑driven memory/mass‑storage rally benefiting STX and peers — Susquehanna and others highlighted the sector strength on a recent segment. STX & WDC Gain Analyst Support Amid Surging Memory Chip Rally
• Neutral Sentiment: A Zacks piece lists Seagate among technology solutions beneficiaries (multi‑cloud and integrated systems demand) — supportive context but not company‑specific new data. 4 Stocks to Watch From a Prospering Technology Solutions Industry
• Neutral Sentiment: Susquehanna formally moved Seagate from “negative” to “neutral” with a $280 target — an upgrade in tone but a target below current market levels, creating a mixed signal for investors. Susquehanna moves STX to neutral, PT $280
• Negative Sentiment: Insider activity: EVP Ban Seng Teh sold 1,412 shares (~$299 avg), trimming his stake. Insider sales can weigh on sentiment even if not large relative to holdings. SEC Form 4: Ban Seng Teh sale

About Seagate Technology

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.